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About Us

Our vision at L&T Financial Services is to be an Admirable, Inspirational & Sustainable institution. 

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L&T Finance Holdings Ltd. is a NSE and BSE listed company and is also registered with RBI as an NBFC and CIC. It conducts its financial services businesses through various subsidiaries. L&T Financial Services is the brand name of L&T Finance Holdings Ltd.

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Our Values
Our Journey
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Transform|Focus|Deliver

Transform|Focus|Deliver

2017
  • LTFH 2.0  Re-defined. Stock Price reaching an all-time high of Rs. 200 and ROE of 13.63%
  • Expanding our footprint by commencing our Micro loans business in Assam
  • Awarded the "Best Finance Company in Renewable Energy" at the annual "Central Board of Irrigation & Power Awards"
  • Crossed the 50,000 cr. AUM mark in the Mutual Funds business 
2016
  • Re-orient strategy to focus on select products and deliver improvement on RoE
2015
  • Total Assets cross Rs. 50,000 Cr.
  • Preferential issue of Equity Shares & Warrants to Bain Capital amounting to Rs. 708 Cr
2013
  • L&T Capital Markets incorporated – Platform for Wealth Management
  • Maiden issue of preference shares
2012
  • Total Assets cross Rs. 30,000 Cr. 
  • MF builds scale – acquisition of Fidelity’s MF biz in India
  • Entry into Housing Fin – acquisition of IPHF
  • Start of 2W Finance – acquisition of FamilyCredit
2011
  • Total Assets cross Rs. 20,000 Cr
  • IPO of LTFH
  • LTIF notified as PFI
2010
  • Foray into MF business – acquisition of DCAM
  • LTIF secures IFC status, launches Infra Bonds
2009
  • Maiden public issue of NCDs by LTF
2008
  • Total Assets cross Rs.10,000 Cr
  •  Start of Microfinance & Loan Against Shares
2007
  • L&T Infra Finance established
  • CV Financing commenced

 

1994
  • L&T Finance Incorporated
  • 2017
  • 2016
  • 2015
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 1994
Board of Directors

Mr. S V Haribhakti

 Non - Executive Chairman

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Mr. Shailesh Haribhakti is the Non-Executive Chairman of the Company. He is a Chartered and Cost Accountant, and a Certified Internal Auditor, Financial Planner & Fraud Examiner.

 

During a career span of four decades, he has successfully established and led many innovative services. His current focus and passion is on Governance, Engaged Investing and Digitisation. He actively promotes 'shares value' creation and a greener environment.


He is also on the Board of Directors of several public and private companies.

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Mr. Dinanath Dubhashi

Managing Director & Chief Executive Officer

 

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Mr. Dinanath Dubhashi is the Managing Director & Chief Executive Officer of L&T Finance Holdings. He has a rich experience of over two decades in multiple domains in financial services such as Corporate Banking, Cash Management, Credit Rating, Retail Lending and Rural Financing. He has been with L&T Financial Services since 2007 and has been instrumental in scaling up the retail business operations manifold, across customer segments and
geographies.

 

Under his leadership, retail business has grown both organically and inorganically to reach an asset size of around Rs 28,000 crores, serving more than 30 lakh customers. He has also provided leadership to various functions such as Operations and Information Technology for L&T Financial Services.

 

Prior to this, he was associated with organizations such as BNP Paribas, CARE Ratings and SBI Capital Markets in various capacities.

 

He is a Post Graduate from IIM Bangalore and also holds a B.E. (Mechanical) degree.

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Mr. R Shankar Raman

Non-Executive Director

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Mr. R Shankar Raman is the Chief Financial Officer and Member of the Board at Larsen & Toubro Limited (L&T). He is a Non-Executive Director on the Board of our company and L&T Investment Management Limited. He is also on the board of several companies within the L&T Group. He joined the L&T Group in 1994 to set up L&T Finance Limited and has close to 35 years of experience in Finance and Management.

 

He is a Chartered and Cost Accountant by profession with a degree in Commerce from Madras University.

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Mr. P V Bhide

Independent Director

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Mr. P V Bhide has worked in several government positions during a career spanning over four decades. Some of his roles include Secretary, Department of Revenue, Ministry of Finance; Secretary and Joint Secretary, Department of Disinvestment, Ministry of Finance; Additional Secretary/Spl. Secretary, Ministry of Home Affairs; Deputy Secretary, Department of Economic Affairs, Ministry of Finance. He has also held various other key positions across departments.

 

He is a retired IAS Officer with an MBA, LLB and BSc degree.

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Mr. Harsh Mariwala

Independent Director

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Mr. Harsh Mariwala leads Marico Limited as its Chairman, and is the Chairman and Managing Director of Kaya Limited. Over the last three decades, he has transformed a traditional commodities-driven business into a leading consumer products and services company in the beauty and wellness space. He has been the FICCI President (2011) and was also the FMCG Committee Chairman of FICCI and CII.

 

He has been a part of the Young Presidents Organisation (YPO), and is now a part of the World Presidents Organisation (WPO). He has held the position of YPO Education, Membership and Chapter Chair for the Bombay Chapter and was a member of the International Forum Board of YPO International. Mr. Mariwala has also launched ASCENT – Accelerating the SCaling up of ENTerprises to identify growth-stage entrepreneurs with potential and enable them in their scaling-up journey.

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Mr. Thomas Mathew T

Independent Director

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Mr. Thomas Mathew T is currently the Managing Director & CEO of the Reinsurance Group of America for India, Sri Lanka and Bangladesh. He was also the Managing Director of Life Insurance Corporation of India and has successfully worked across functions there. He is on the Board of Larsen & Toubro Limited, Metropolitan Stock Exchange of India Limited and RGA Services India Private Limited.

 

Mr. Mathew holds a Post-Graduate Diploma in Management, a Post-graduation in Economics and is a graduate of Law. He is also an Associate of the Insurance Institute of India and has a Diploma in the Spanish language. 

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Ms. Nishi Vasudeva

Independent Director

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Ms. Nishi Vasudeva is an internationally acclaimed leader and is the first woman to chair an oil and gas company in India.

 

She represented HPCL as Chairman / Director on the board of several Joint Venture companies. She was responsible for developing the vision and long term objectives, improving growth and profitability, driving a high performance culture geared towards operational excellence and consistent value creation for shareholders & all stakeholders.

 

Prior to assuming responsibility as C&MD, she served on HPCL Board as Director-Marketing and was responsible for pan India sales (B2B & B2C segments), Brand building, Efficient supply chain management, Infrastructure development and leading HPCL foray into new business lines.

 

Her career at HPCL included leadership positions in Marketing, Corporate Strategy, Planning and Information systems and has led key business transformation & organizational restructuring projects.

 

She is the first Indian to be awarded the Global CEO of the year at Platt’s Global energy awards 2015. She received the SCOPE Award for excellence and outstanding contribution to Public sector Management from the Hon’ble President of India and was also recognized with Outstanding Women Manager Award by SCOPE.

 

She has been a member in several committees for development of policy in the Oil Industry and Hydrocarbon sector in India. 

 

She is BA (Economic Honours) from Delhi University and an MBA from IIM Calcutta with over 38 years of experience in the petroleum industry. 

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Ms. Vaishali Kasture

Independent Director

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Ms. Vaishali Kasture has 25 years of banking and capital markets experience. She has worked with multinational and indian banking and financial services firms.

 

She was VP at Citibank and has rich experience in the Corporate Bank. She was part of the early founding team at Infosys BPO. She led the global banking and capital markets Business Unit. Subsequently she set up the India office for Fulcrum Global Fund services.

 

She then joined Goldman Sachs as Managing Director - India Operations. More recently she was a partner with Deloitte in India and set up their Robotics process automation practice (RPA). She was also responsible for managing key global banking relationships and clients.

 

She is an MBA in finance and a gold medalist from Jamnalal Bajaj Institute (Mumbai). She is also a merit ranker and certified Cost and Works accountant.

 

She is also co founder for 2 not-for-profits organization i.e. Sonder connect - which helps mentor women entrepreneurs and India Amateur Runners Trust - which helps economically disadvantaged runners from Rural India.

 

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Mr. Pavninder Singh

Nominee Director

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Mr. Pavninder Singh is a Managing Director with Bain Capital in the Mumbai office. He joined the firm in 2001 and has worked in the New York and Mumbai offices. He is a founding member of Bain Capital's India office and he co-leads the firms India and South East Asia investments. Prior to joining Bain Capital, he was the Co-CEO of Medrishi.com, a healthcare services site. Prior to that, he was a consultant at Mercer Management Consulting (now Oliver Wyman) where he consulted in the e-commerce, retail, and energy industries.

 

He is actively involved in the investments in L&T Finance Holdings Limited, Quest Engineering, Emcure Pharmaceuticals, Hero FinCorp and Himadri Chemicals & Industries Ltd.

 

He received an MBA from Harvard Business School where he was a Baker Scholar. He received a BA Magna cum Laude from Harvard College.

 

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Management

Mr. Dinanath Dubhashi

Managing Director & Chief Executive Officer

 

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Mr. Dinanath Dubhashi is the Managing Director & Chief Executive Officer of L&T Finance Holdings. He has a  rich experience over two decades in multiple domains in financial services such as Corporate Banking, Cash Management, Credit Rating, Retail Lending and Rural Financing. He has been with L&T Financial Services since 2007 and has been instrumental in scaling up the retail business operations manifold, across customer segments and geographies.

 

Under his leadership, retail business has grown both organically and inorganically to reach an asset size of around Rs 28,000 crores, serving more than 30 lakh customers. He has also provided leadership to various functions such as Operations and Information Technology for L&T Financial Services.

 

Prior to this, he was associated with organizations such as BNP Paribas, CARE Ratings and SBI Capital Markets in various capacities.

 

He is a  Post Graduate from IIM Bangalore and also holds a B.E. (Mechanical) degree.

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Mr. Kailash Kulkarni

Chief Executive - Investment Management

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Group Head - Marketing

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In his current role at L&T Investment Management, Mr. Kailash Kulkarni is responsible for driving overall business growth as well as leading the marketing initiative for L&T Financial Services. Mr. Kulkarni took control at a time when the Group was in the midst of acquiring Fidelity Investments, and led a seamless integration of the business. Under his leadership, L&T Investment Management has seen a tenfold rise in assets since 2012.

 

Mr. Kulkarni has over 25 years of work experience, most of which includes heading sales functions of businesses across BFSI. Previously, he was the Head of Sales at Kotak Mahindra Asset Management. At MetLife India Insurance, Mr. Kulkarni set up and expanded the agency network. His journey in the BFSI space began with growing the third party distribution network first for JM Financial and subsequently
for ICICI Bank. He has also worked in Eicher Motors in the distribution, sales and marketing functions.

 

Currently, Mr. Kulkarni is the Vice Chairman of the Association of Mutual Funds of India (AMFI) and has previously headed the Financial Literacy Committee for AMFI. 

 

Mr. Kulkarni is a management graduate from the Institute of Management Development and Research. He loves to travel around the world and is passionate about adventure sports.

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Mr. Sachinn Joshi

Group - Chief Financial Officer

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Mr. Sachinn Joshi leads Finance & Accounts, Financial Planning & Analysis, Treasury, and Investor Relations functions as the Chief Financial Officer of the Group.

 

He has over 27 years of experience with expertise in finance and operations. These include setting up business & treasury operations, risk & credit control, human resource management, public listing, strategic planning and crisis management. Previously, Mr. Joshi worked with Aditya Birla Finance as the Chief Financial Officer heading Treasury, Finance, Secretarial & Statutory Compliance, and Admin verticals. He was the Executive Director & CFO at Angel Group heading strategy and finance. At IL&FS, he worked across various capacities including that of CFO, COO and Executive Director - Finance & Operations. In this role, he played pivotal role in setting up of wholesale and retail businesses at one of its subsidiary IL&FS Investsmart.


 

Mr. Joshi is a qualified Chartered Accountant and a Cost Accountant. He has also done his post-graduation in Law and has completed Business Leadership Program from IIM Calcutta. He is an avid runner and regularly participates in full as well as half marathons, loves travelling and watching sports particularly cricket. 

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Mr. Sunil Prabhune

Chief Executive - Rural Finance

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Chief - Human Resource Officer

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Mr. Sunil Prabhune is the Chief Executive of Rural Finance which includes Micro Loan, Farm Equipment Finance and Two Wheeler Finance. Under his dynamic leadership, the Rural Finance business has evolved into a market leader in multiple segments. 

 

A harbinger of change, Mr. Prabhune has helped the Farm Equipment Finance business in its endeavour to achieve a dominant position. The business has witnessed a turnaround aided by enhanced loan book quality, reduced NPAs and strengthening of the collection infrastructure. Digitization of the credit process has enabled the Two Wheeler Finance business to become a leader in multiple geographies. Mr. Prabhune’s ability to focus on detail, while keeping an eye on the larger picture, has aided him in realigning the Micro Loan business, while increasing its national footprint.

 

In his role as the Chief Human Resources Officer, Mr. Prabhune has been an enabling force for leadership development and change management. Under his guidance, the Human Resources team at LTFS is driving the transformation of the organisation structure and skills, aligning it towards focussed execution and achieving the target ROE.

 

Earlier, Mr. Prabhune was instrumental in giving strategic direction to Group Corporate Communications, Facilities & Channel Management and Corporate Social Responsibility functions. He has also played a pivotal role in the initiation of the Cost Optimisation drive across LTFS, which has helped the organisation become more competitive.

 

Mr. Prabhune joined L&T Financial Services in 2013 and has around two decades of experience in global and regional leadership roles across sectors, particularly in areas of organizational change, transformation management and building capabilities for leadership. He has also headed process efficiency and digitization in his previous roles and has been associated with organisations like ICICI Bank, Novartis, GE, and ICI in various capacities in the past.

 

He is a Gold Medallist in Business Management from Xavier Institute of Management, Bhubaneswar. Mr. Prabhune is an avid reader and a sports enthusiast.

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Mr. Raju Dodti

Group Head - Legal, Compliance, Corporate Communication and Facilities & Channel Management

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In his capacity as the Group General Counsel, Mr. Raju Dodti is responsible for transactions, advisory, litigation and legal risk management of the Group. He also provides leadership to other functions viz. Compliance, Corporate Communication, and Facilities and Channel Management. Furthermore, Mr. Dodti leads some key projects of the organization in relation to the cost optimisation, merger of subsidiaries, and NPA recovery and management.

 

Mr. Dodti has over 18 years of extensive legal experience in Indian and multi-national financial institutions in the areas of private equity, project finance, infrastructure finance and treasury borrowings. Prior to joining LTFS, he was associated with IDFC Group across varied legal functions. In this role, he worked on numerous infrastructure financing transactions across road, power, telecom and ports, both in the equity and debt domain. As the Senior Director - Legal for IDFC Alternatives, Mr. Dodti headed the funds setup, investment and divestment of corpus for private equity, infrastructure equity and real estate. In his initial years with Rabo India Finance, ABN Amro NV, Societe Generale and Global Trust Bank, he was involved in legal documentation for their corporate banking verticals.

 

Mr. Dodti holds a Bachelor's degree in law from Government Law College, Mumbai University, and a Bachelor's degree in Commerce from Mumbai University. He loves music, travelling and is a fitness enthusiast.

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Mr. Manoj Shenoy

Chief Executive - Wealth Management

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Group Head - Corporate Social Responsibility

 

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Mr. Manoj Shenoy is responsible for driving overall business growth of the Wealth Management business as well as leading the Corporate Social Responsibility vertical for L&T Financial Services. He has been with the business since inception and instrumental in growing the Assets Under Service at a CAGR of 35% in the last 5 years.

 

Mr. Shenoy is credited with bringing in open architecture, customer centricity and solution oriented products to the business. The Wealth Management business is one of the few wealth management firms in India having a significant and successful business in Dubai. His ability in developing long standing relationships with high-net worth individuals in India, Middle East & South East Asia have led to increased customer wallet share.

 

Mr. Shenoy has a rich experience of over two decades in the financial services industry in areas of financial planning, private banking, investment banking, stock broking, estate and succession planning. His association with boutique Swiss wealth management firm EFG Bank resulted in the firm growing significantly in India. In his prior roles with Anand Rathi, Mr. Shenoy set up the wealth management, stock broking, retail distribution and investment banking business across South India while in Karvy, he set up the private client group. 

 

Mr. Shenoy holds a degree in Industrial and Production Engineering. He loves travelling and reading.

 

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Mr. Virender Pankaj

Chief Executive - Wholesale Finance

 

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Mr. Virender Pankaj manages an asset book of more than Rs 42,000 crores in areas of Infrastructure Finance, Structured Finance and Supply Chain Finance. He has been instrumental in building and growing the wholesale business significantly over the last decade. Under his leadership, the debt capital market business has grown multifold. LTFS is the market leader in its focussed areas of infrastructure finance; Renewables, Operating roads and Transmission.

 

Mr. Pankaj has over 26 years of experience in project finance, project appraisal, working capital, corporate finance. He has extensive experience in lending to sectors such as power (thermal, wind, hydro and solar), roads, social infrastructure (healthcare, education and hospitality), and industrial finance. Previously, Mr. Pankaj was with State Bank of India and over the span of his tenure had exposure to various aspects of project, corporate finance and development banking.

 

Mr. Pankaj holds a degree in textile technology, MBA (Finance) and is a Certified Associate of Indian Institute of Bankers (CAIIB). He has conceptualised and co-founded a grass root NGO, ‘Niramaya’, for blindness prevention and vision restoration in rural areas. He has also launched ‘Netra Daan Chetna Abhiyan’ in 2005 which has resulted in about 1000 eye donations and more than 350 free corneal transplants restoring vision for corneal blind.

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Mr. Srikanth JR

Chief Executive - Housing Finance

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Group Head - Central Operations

 

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In his current role at Housing Finance, Mr. Srikanth JR is responsible for driving overall business growth in the Real Estate Finance and Home Loans & LAP verticals. Under his guidance, the Real Estate Finance business has grown significantly in the last one year. He has been with the Group in various verticals such as corporate credit risk, structured corporate finance, SME and supply chain finance.

 

Mr. Srikanth has around two decades of experience in the BFSI segment in various areas like corporate credit risk, commercial loans/capital market products and SME. Previously, he was with BNP Paribas in India and Dubai in various capacities in corporate banking. He also worked with CommerzBank in trade finance operations.

 

Mr. Srikanth is an MBA from IIM, Lucknow and holds an Engineering degree. He loves reading, movies and is a sports enthusiast. 

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Mr. S. Anantharaman

Chief Risk Officer

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Head- Internal Audit

 

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In his capacity as the Chief Risk Officer of the Group, Mr. S Anantharaman is responsible for market risk, credit risk, operational risk and information security. In addition, he heads the Internal Audit Function.

 

Mr. Anantharaman has over 25 years of experience in India, and theMiddle East and North Africa region. His expertise spans across various aspects of risk management, including managing credit risk of Large and Mid-Corporate, and SME business segments in banking. Previously, he was associated with HDFC Bank in the capacity of Executive Vice President-Wholesale Credit Risk and Head-Credit for Emerging Corporate Group. In this role, he largely handled corporate credit risk of the bank and was a Senior Credit Approver. At Al Ahli Bank of Kuwait, Mr. Anantharaman was the Head of Risk Policies and Projects and implemented Basel II norms. He was also a part of the team instrumental in reviving the bank by implementing various risk management tools such as Rating and Risk Based Pricing models, and various risk related policies and process. In his earlier roles with SBICI, IDBI Bank, Societe Generale, Commercial Bank of Kuwait and Gulf Bank, he managed corporate banking relationships. He has also worked with Larsen and Toubro Ltd.

 

Mr. Anantharaman is a Chartered Accountant and has passed level three of CFA. He is an avid reader, loves yoga, swimming and travelling. 

 

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Mr. Abhishek Sharma

Chief Digital Officer

 

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Mr. Abhishek Sharma leads the Group’s Strategy and the digital transformation initiative. He has been associated with the Group in the product development and sales functions in Rural Finance and Housing Finance.

 

Mr. Sharma has 15 years of experience in corporate strategy, product development and sales leadership. Previously, he served as a Captain in the Indian Army for five years.

 

Mr. Sharma has a Post Graduate Diploma in Business Management from XLRI, Jamshedpur and holds a Bachelor’s Degree in Business Economics from the Delhi University.  He loves reading and is a sports enthusiast.

 

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